Pendal Group Ltd Sells 13,396 Shares of Boeing Co (NYSE:BA)

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Pendal Group Ltd reduced its position in Boeing Co (NYSE:BA) by 21.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,396 shares of the aircraft producer’s stock after selling 13,396 shares during the period. Pendal Group Ltd’s holdings in Boeing were worth $17,600,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC raised its position in shares of Boeing by 36,928.2% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock valued at $623,555,000 after purchasing an additional 6,218,711 shares during the last quarter. FMR LLC raised its position in shares of Boeing by 26.5% in the 1st quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock valued at $4,211,577,000 after purchasing an additional 2,311,630 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Boeing by 33.6% in the 4th quarter. Two Sigma Advisers LP now owns 995,560 shares of the aircraft producer’s stock valued at $321,068,000 after purchasing an additional 250,600 shares during the last quarter. Mackay Shields LLC purchased a new position in shares of Boeing in the 4th quarter valued at approximately $77,540,000. Finally, SG Americas Securities LLC raised its position in shares of Boeing by 378.0% in the 2nd quarter. SG Americas Securities LLC now owns 302,625 shares of the aircraft producer’s stock valued at $110,159,000 after purchasing an additional 239,316 shares during the last quarter. Institutional investors and hedge funds own 68.65% of the company’s stock.

BA traded up $0.14 during trading on Tuesday, reaching $333.08. 3,312,075 shares of the company’s stock were exchanged, compared to its average volume of 5,028,821. Boeing Co has a 1 year low of $292.47 and a 1 year high of $446.01. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29. The stock has a market capitalization of $189.94 billion, a PE ratio of 20.80, a P/E/G ratio of 10.29 and a beta of 1.27. The stock has a fifty day moving average of $354.36.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $1.07. The company had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. Boeing’s revenue for the quarter was down 35.1% compared to the same quarter last year. During the same period last year, the firm posted $3.33 EPS. As a group, analysts predict that Boeing Co will post 3.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be issued a dividend of $2.055 per share. This represents a $8.22 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Thursday, August 8th. Boeing’s dividend payout ratio (DPR) is 51.34%.

Several brokerages recently commented on BA. Citigroup set a $430.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Monday, July 15th. Bank of America set a $420.00 price objective on shares of Boeing and gave the company a “hold” rating in a research report on Thursday, June 27th. JPMorgan Chase & Co. decreased their price objective on shares of Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. TheStreet lowered shares of Boeing from an “a+” rating to a “c+” rating in a research report on Wednesday, April 24th. Finally, Cowen set a $460.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Friday, July 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $403.10.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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